It still seems to be a controversial viewpoint to some, but it’s nevertheless a fact that most “decentralized” applications (dApps) are heavily centralized. Security researcher Chris Blec coins himself “DeFi’s best friend and toughest critic.” He runs a website called DeFiWatch, in which he’s audited several of the most prominent DeFi dApps to ascertain the degree of centralized control that dApp operators have over user funds. Scanning through the results, it’s evident that many DeFi […]
